Industry experts have thrown their weight behind the launch of a $2.5 billion fuel storage and regional pipeline initiative by the Dangote Group in Walvis Bay, describing it as a game-changer for Southern Africa’s energy supply landscape.
The massive project features a 600-million-litre petroleum storage facility and a 1 700-kilometre pipeline network designed to deliver refined fuel directly to landlocked nations across the region, including Botswana, Zambia, Zimbabwe, Malawi, and the Democratic Republic of Congo. Led by Nigerian industrialist Aliko Dangote, Africa’s richest man, the push comes as part of a wider effort to curb the continent’s heavy reliance on imported fuels.
Energy analyst Professor Vally Padayachee noted that Walvis Bay provides Dangote with a prime foothold for expanding into South Africa and neighboring trade corridors, observing that the location serves as a strategic launching site into regional markets over both the short and long term due to its proximity to the southern tip of Africa and Namibia’s strong economic stability. ”
–ChannelAfrica–
